Trend-Following Backtester · Guide · backtest 한국어

equity · HK

Sinotruk Hong Kong Ltd. backtest

10 trend-following strategies were compared on the full daily history of Sinotruk Hong Kong Ltd.. 7 beat buy-and-hold CAGR; Keltner 채널 돌파 ranks first by Sharpe, matching the main backtester. The return/drawdown alternative is Keltner 채널 돌파 (CAGR 10.7%, MDD -40.0%).

Data 2007-11-28 ~ 2026-07-31daily bars 4,601 (18.7 years)Costs 0.5%Venue HKEXMonthly snapshot 2026-07-31

Results by strategy

7 of 10 beat buy and hold (CAGR 7.3%, drawdown -80.8%).

Sharpe leader (same as main): Keltner 채널 돌파 — CAGR 10.7%, MDD -40.0%, Sharpe 0.53, 26% exposure.

CAGR reference leader: Supertrend — CAGR 12.0%, MDD -54.4%, exposure 46%.

Return/drawdown alternative: Keltner 채널 돌파 — CAGR is 3.4%p higher than buy and hold, while drawdown improves by 40.8%p (CAGR 10.7%, MDD -40.0%, exposure 26%).

The alternative must retain 75% of buy-and-hold CAGR, improve drawdown by at least 20% and 5 percentage points, and stay below 95% exposure; the ranking weights return retention 60% and drawdown improvement 40%.

Strategy · parametersCAGRMDDSharpeCalmarTotalTradesExposure
Keltner 채널 돌파
emaPeriod=27, atrPeriod=8, mult=2.1
10.7%-40.0%0.530.276.6x9226%
Supertrend
period=26, mult=1.6
12.0%-54.4%0.520.228.3x26346%
SMA 크로스오버
fast=49, slow=257
10.8%-62.8%0.470.176.8x1956%
Parabolic SAR
step=0.01, maxStep=0.12
10.2%-60.0%0.460.176.1x23150%
Donchian 채널 돌파
entryN=41, exitN=70
10.3%-58.2%0.450.186.3x3564%
EMA 크로스오버
fast=11, slow=174
8.9%-65.5%0.420.144.9x5155%
MACD
fast=12, slow=71, signal=21
8.6%-61.8%0.420.144.7x19349%
볼린저 밴드 돌파
n=48, k=2.3
6.3%-41.9%0.370.153.1x7028%
ADX / DI 방향성
period=35, threshold=4
5.5%-57.3%0.330.102.7x20357%
ROC 모멘텀
n=140, threshold=-0.02
5.3%-73.5%0.330.072.6x11762%
Buy and hold7.3%-80.8%0.390.093.7x1100%
1x 10x 2008 2011 2014 2017 2020 2023 2026 SupertrendKeltner 채널 돌파Buy and hold
Keltner 채널 돌파 (Sharpe leader), Supertrend (CAGR reference), Buy and hold.
0% -20% -40% -61% -81% 2008 2011 2014 2017 2020 2023 2026 Buy and holdSupertrendKeltner 채널 돌파
Keltner 채널 돌파 maximum drawdown -40.0% (2023-02-01 → 2026-06-24), prior peak not yet recovered.

Rules of the top strategy

Breaking above the channel top (average plus a multiple of volatility) signals an upside breakout.

Method and caveats

Past performance does not guarantee future returns. Parameters were selected on the same full-history sample using sharpe over 40 trials per strategy, so results contain in-sample bias. 0.5% trading costs are included; taxes, slippage and rejected orders are not.
Re-run the same setupAll asset reports

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